South Florida Arbitration & Litigation Lawyer Blog

Broker/Dealer, Investment Advisor and Hedge Fund Fruad, Misrepresentation and Mismanagement Litigation and FINRA Arbtration Attorney, Russell L. Forkey, Esq. April, 2012: Commission Freezes Accounts of Six Chinese Citizens and One Offshore Entity Charged with Insider Trading The SEC recently announced that it has obtained a court-ordered freeze of the assets of six Chinese citizens and…

Hedge Fund and Investment Advisor Fraud and Mismanagement Litigation and FINRA Arbitration Lawyer, Russell L. Forkey, Esq. April, 2012: SEC v. Pentagon Capital Management PLC et al., 08 CIV 03324 (RWS) (S.D.N.Y.) COURT ENTERS $98.6 MILLION FINAL JUDGMENT AGAINST U.K. HEDGE FUND ADVISER PENTAGON CAPITAL MANAGEMENT PLC AND ITS CEO LEWIS CHESTER Recently, United States…

Theft, Fraud and Mismanagement FINRA Arbitration and Litigation Attorney Russell L. Forkey, Esq. March, 2012 Ray Alexander Thompson (CRD #3209494, Registered Principal, Houston, Texas) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Thompson consented to the…

Senior and Other Vulnerable Victims of Fraud and Theft FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Ralph Edward Thomas Jr. (CRD #2179751, Registered Representative, Reisterstown, Maryland) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Restitution is being required…

Unauthorized Trading and Fraud FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Angel Luis Suarez (CRD #3116550, Registered Principal, Briarwood, New York) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Suarez executed trades in the account of a customer at his member firm…

Index Linked Certificates of Deposit Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Allan Anthony Scheer (CRD #2775825, Registered Principal, Melbourne, Florida) submitted an Offer of Settlement in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for four months. The fine…

Broker/Dealer, Investment Advisor and Hedge Fund Fruad, Mismanagement and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Richard Patrick Sandru (CRD #2470082, Registered Principal, Fort Myers, Florida) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or…

Broker/Dealer, Investment Advisor and Hedge Fund Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Securities and Exchange Commission v. Quorne Limited and Michael Sarkesian, 10-cv-9560 (GBD) (S.D.N.Y) BRITISH VIRGIN ISLANDS CORPORATION AND RESIDENT OF SWITZERLAND SETTLE CHARGES OF INSIDER TRADING IN THE OPTIONS OF INTERMUNE, INC. The Securities and…

Municipal Bond Fraud and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. July, 2011: SEC Charges J. P. Morgan Securities with Fraudulent Bidding Practices Involving Investment of Municipal Bond Proceeds J.P. Morgan to Pay $228 Million to Settle Charges By SEC, Others The Securities and Exchange Commission recently charged J.P. Morgan Securities LLC…

Broker/Dealer and Investment Advisor Fraud and Mirepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Sergio M. Ripamonti (CRD #2786045, Registered Representative, Sunny Isles Beach, Florida) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying…